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What are the different kinds of Bank Accounts that I, as an NRI, can maintain in India ?

April 26, 2017bank accounts different India maintain NRI

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What are the different kinds of Bank Accounts that I, as an NRI, can maintain in India ?

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If you are keen on repatriation of both principal and interest, you can open a Non Resident External (NRE) account or a Foreign Currency Non Resident (FCNR) account. On non-repatriation basis you can maintain a Non Resident Ordinary (NRO) account, a Non Resident (Special) Rupee (NRSR) account or a Non Resident Non repatriable (NRNR) account.

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If you are keen on repatriation of both principal and interest, you can open a Non-Resident External (NRE) account or a Foreign Currency Non- Resident (FCNR) account. On non-repatriation basis you can maintain a Non-Resident Ordinary (NRO) account, a Non Resident Special Rupee (NRSR) account or a Non-Resident Non repatriable (NRNR) account.